VKGLF (Viking Line Abp) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VKGLF Viking Line Abp VKGLF
69 GF Score
Price $21.85
GF Value $22.15
! 4 Warning Signs
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What is Viking Line Abp Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Viking Line Abp  (OTCPK:VKGLF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Viking Line Abp Cyclically Adjusted PB Ratio Related Terms


Viking Line Abp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Viking Line Abp's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Viking Line Abp Cyclically Adjusted PB Ratio Chart

Viking Line Abp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.71 1.00 1.09 1.15

Viking Line Abp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.17 1.15 1.07 0.00

Viking Line Abp Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Viking Line Abp's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Viking Line Abp Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Viking Line Abp's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Viking Line Abp's Cyclically Adjusted PB Ratio falls into.


VKGLF
69GF Score
Viking Line Abp VKGLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Viking Line Abp Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Viking Line Abp's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Viking Line Abp's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.155/125.0800*125.0800
=21.155

Current CPI (Jun. 2026) = 125.0800.

Viking Line Abp Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.131 100.540 23.801
201612 17.876 101.020 22.134
201703 0.000 100.910 0.000
201706 17.615 101.140 21.784
201709 0.000 101.320 0.000
201712 20.163 101.510 24.845
201803 19.715 101.730 24.240
201806 18.563 102.320 22.692
201809 20.032 102.600 24.421
201812 19.954 102.710 24.300
201903 18.736 102.870 22.781
201906 18.831 103.360 22.788
201909 19.995 103.540 24.155
201912 19.860 103.650 23.966
202003 18.087 103.490 21.860
202006 18.091 103.320 21.901
202009 18.286 103.710 22.054
202012 17.962 103.890 21.626
202103 16.889 104.870 20.144
202106 18.173 105.360 21.574
202109 19.526 106.290 22.978
202112 17.760 107.490 20.666
202203 16.125 110.950 18.179
202206 15.813 113.570 17.416
202209 15.894 114.920 17.299
202212 17.925 117.320 19.111
202303 17.751 119.750 18.541
202306 18.113 120.690 18.772
202309 19.665 121.280 20.281
202312 20.397 121.540 20.991
202403 19.380 122.360 19.811
202406 18.246 122.230 18.671
202409 20.425 122.260 20.896
202412 19.482 122.390 19.910
202503 18.819 123.010 19.136
202506 19.777 122.530 20.189
202509 21.538 122.880 21.924
202512 21.793 122.670 22.221
202603 20.198 124.670 20.264
202606 21.155 125.080 21.155

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Viking Line Abp (VKGLF) Overvalued in 2026?

Based on GuruFocus' analysis, Viking Line Abp stock appears to be undervalued. The current stock price of $21.85 is trading 1.4% below its estimated GF Value™ of $22.15.

Key valuation signals for VKGLF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $22.15 vs. price of $21.85 (1.4% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the VKGLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viking Line Abp Business Description

Address Norragatan 4, P.O. Box 166, Aland, Mariehamn, FIN, AX-22101
Viking Line Abp is a Finland-based company engaged in providing passenger and cargo carrier services in the northern Baltic Sea. The group's operations are divided into two operating segments: Vessels and Unallocated. The Vessel operating segment, which is the key revenue driver, comprises direct revenue and expenses, including depreciation and amortization that are attributable to vessel operations. The Unallocated operating segment mainly comprises unallocated marketing and administrative expenses. The business of the group is mainly operated in Finland.
69GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.85
Price
$22.15
GF Value